Monday, May 6, 2024

#Bitcoin Review $GBTC #BTC Is the Bitcoin Rally Over?

Bitcoin Review
Short-term price fluctuations do not influence long-term trends, cycles, and profitability. The majority, guided by price trends and emotions, concentrate on short-term trading noise rather than cyclical trends of price, time, and energy. This focus creates confusion, frustration, missed chances, and typically leaves them holding the bag during trend shifts. Investors can sidestep this pattern by embracing the Evolution of the Trade and aligning with the minority.

Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

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Is the Bitcoin rally over?, asks everyone other than the HODL'ers (Holding On For Dear Life).  HODL'ers will never sell.

The minority, however, should be skeptical. Bitcoin, a trend with an agenda, will not “End the Fed”, or supplant the US Dollar as the world's reserve currency. El Salvador is going to learn both the hard way.

A brief discussion for subscribers. Please watch the Bitcoin Report updates for further discussion. The 2023-2024 rally (ride) has been marked by fear, doubt, greed, and eventually panic.

The invisible hand, driven by probabilities rather than emotions, says the ride is most likely not over. Energy, the leading edge of consolidation (misalignment of the three time frames), foreshadows breakouts and Resets in the Cycle of Accumulation and Distribution. Upside breakouts jump the creek. Downside ones break the ice.

Rallies typically end when price, time, and energy reveal fatigue. Energy has held above 0% since October 2023. Impressive. Accumulation even as price rallies. Rather than asking is the Bitcoin rally over, we should be asking what does the invisible hand know?

Bitcoin Energy Build (WA, DI, and DI2)


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